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and it is no trouble. host: on twitter host: we will be talking about the city of detroit with the codirectors of the recent ropia" in aboutt five minutes. hi, george. caller: good morning. i think that we've lost all of our common sense. we are carrying all of these idols around, and the stadium is burning behind us and around us, and we are worshiping all these people, be it big business, and the pyramid scheme always collapses, but who is actually winning? the people are the worst of the worst feeding off of the people who don't have common sense to judge them and not give them all the money, all the environment, all the oil, going to kings of saudi arabia that we do business with or kill iranians in cruise that we do behind the scenes. this sad, what we are doing to this world, and the reset button might be a big red nuclear button, but it has got to be hit sooner or later, and i don't want it to be, but we have a big world of hurt coming because we don't have any brains left. host: returning to the front page of "the washington times," a story on ted cruz, republican senator from texas. h
sestak, john garamendi, i appreciate it so much. coming up, detroit's government is broke but its people are far from broken. we'll have the latest from detroit next. and don't forget to check out "hardball" with chris matthews. its new time 7:00 p.m. live eastern right here on msnbc. we're coming right back. discover card. cashback concierge, here. what is a cashback concierge? well there's lots of ways you can get cash back. i'm here to help you get the most out of your cash rewards. it's personalized, and it's free. i want that. we have a concierge! at discover, we treat you like you'd treat you. get the it card with cashback concierge. >>> time now for trenders. "the ed show" social media nation has decided and we are reporting here are today's top trenders voted on by you. >> and watch. >> our number three trender. pandemonium. >> it was the news and the sound that everyone was hoping for. >> we had a giant panda cub born here at the national zee. being a poster child for being a great panda mom. >> i'm standing in front of tian-tian who could be the father. we don't know who the ba
and about with them today. >>> detroit's emergency manager downplays the city struggles we get the real store from the motor city. >>> reminder, don't forget to check out chris matthews at 7:00. too big. too small. too soft. too tasty. [ both laugh ] [ male announcer ] introducing progresso's new creamy alfredo soup. inspired by perfection. new creamy alfredo soup. cashback concierge, here. what is a cashback concierge? well there's lots of ways you can get cash back. i'm here to help you get the most out of your cash rewards. it's personalized, and it's free. i want that. we have a concierge! at discover, we treat you like you'd treat you. get the it card with cashback concierge. >>> social media has decided. here are this week's top trenders. >> they're not as bright, i don't care what they say. >> i fire the person that starts to purchase fluorescent light bulbs. stu, from you, i would like a memo that global warming is a pile of crap. >> glenn beck joins the anti-green team. >> the pigtail as we call it. we don't need the light bulb police umpts the energy-efficient, ugly and smelly
of despair looms large over motown, detroit's next mayor will be former hospital chief mike duggin or the man we'll meet this morning, wayne county sheriff benny napoleon. august 27th, this is "the daily rundown." lets get to my first reads of the morning. secretary of state john kerry laid out an aggressive case for intervention in syria arking evidence of the largest chemical attack in decades is undeniable. the latest escalation with a steady drum beat by the united states and its allies, which is clearly a leadup to military action. >> the killing of women and children and innocent bystanders by chemical weapons is a moral obscenity. president obama has made clear to the outside regime that this international norm cannot be violated without consequences. >> it's an important phrase. you heard it a lot, not just from john kerry but jay carney, international norm, significant, ready for strike significant on three main tracks, one, intelligence community backing up conclusions the chemical attack was launched by the regime. that could happen as early as today. two, determination of a legal
. but will the sentence ever be carried out? >>> and dogs running wild in detroit. the new problem facing america's largest bankrupt city. >>> and honey booboo's big day. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share
the fusion in u.s. for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action lawsuit in colorado federal court. they claim that their employer, fantasy gentlemen's club in grand junction violated federal and state minimum wage laws. >> ladies just want to get paid. and a delta 4 heavy rocket was launched on wednesday. the classified payload is believed to be $1 billion high powered spy satellite. >>> starbucks is selling a limited crystal incrusted tenth anniversary mug. it's going for $150. >> a popular television commercial selling insurance was the inspiration behind this florida business that brought nomad the camel to work. what's the occasion? well, hump day of course. i
to death. >>> and dogs running wild in detroit. the new problem facing america's largest bankrupt city. >>> and honey booboo's big day. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> our second story outfront, the decision to go to war. president obama said tonight he has not yet determined whether or not to strike syria but he did lay out his justification for u.s. involvement. >> when you start talking about chemical weapons in a country that has the largest stock pile of chemical weapons in the world where over time their control over chemical weapons may erode, where they lied to terrorist organizations that have targeted the united states, then there is a
. >> other playoff baseball the tampa bay rays lost to the angels. oakland beat detroit. braves won again and the pirates lost to the brewers. >> come on pirates. >> went 3 for 4, two rbis in my softball game. >> you laid down a couple doubles? >> i hit a couple, no one. >> did they bring out the respirator? >>> let's go to the u.s. open. 296th ranked victoria duval stunned samantha stoeser. it is her first win against a top 20 opponent. her family comes from haiti. her father was actually buried in the rubble in the earthquake three years ago and had to be dug out of the rubble. >> that's an incredible story. >>> more drama from the new york jets camp. the team signed former green bay packers quarterback. he was released after losing out to vince young in green bay for the number two spot. harrell expected to report with the team today. another quarterback joins on the jets roster. rex says he may not make anyone a starter until opening day, day of the game. bring in more quarterbacks. >>> still ahead on "morning joe" governor rick snyder joins us ahead of tomorrow's special show in detr
troubles have left a very heavy mark on detroit. homes left abandoned to the elements, entire neighborhoods wiped out. but it's not just people who are down and out in the city. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through september 3rd. then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. at humana, our medicare agents sit down with you and ask. being active. and being with this guy. [ male announcer ] getting to know you is how we help you choose the humana medicare plan that works best for you. mi familia. ♪ [ male announcer ] we want to help you achieve your best health, so you can keep doing the things that are important to you. taking care o
. appreciated. >> detroit is now the largest u.s. city to file for bankruptcy it cannot match it -- manages self. >> were at the end of the road. we can borrow any more money. john: detroit was -- now in such a wreck. >> for $1,500 you could buy this house. john: for years politicians promised that they would fix detroit. >> detroit show again become the great city that is its destiny. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves rich. john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we
in detroit. let's bring in now, former governor of pennsylvania, and nbc news political analyst, ed rendell, also editor in chief of "parade" magazine maggie murphy. the latest issue of "parade" is a labor day report on putting america back to work. let's jump right into it now. manufacturing is returning, about five, six, seven years ago, you start ed realizing tha the cost of producing products in china were going up, the labor prices were going up with fuel costs up, shipping costs a lot more, companies in america started reorganizing. yesterday an extraordinary story about the uaw and ford joining arms, locking arms, 20,000 new jobs coming to detroit right away. i mean, things are really turning around. and you look forward over the next decade, it speeds up. we've got an energy boom coming. the likes of which we haven't seen in 100 years. it's going to get much cheaper to make products in america. >> it's going to get cheaper and the other thing along with companies and sort of the economics that it's good to grow some stuff here, consumers now connect by u.s. products, u.s. jobs. down
, superheroes team up and head to detroit. batman, superman bringing millions to the motor city. but can they save the city in the brink? >>> and back in the saddle. ryan vickers return to the saddle after a brush with death. cnn "newsroom" starts now. good morning. i'm carol costello. thank you for joining me. a coalition to support military strikes on syria appears to be unraveling as a key ally backs away. britain's refusal to take part "the british aren't coming." the british aren't laughing. cnn's atika shubert is live in london. >> reporter: good morning. "cam down" from "the sun" and humiliated, "no to syria strike." and that's the main word throughout the headlines here, is humiliated. basically, it was a resounding defeat. there was a lot of emotion and anger in the house of commons, particularly directed towards opposition labor leader. you saw in "the independent," there was an expletive background to one reporter about the vote and what happened. and for that reason, there was a lot of anger in parliament last night. there were shouts of resign and shame. in the end, prime mi
to say we did have the money toank get involved. that argument. >> detroit is now the>> largest u.s. city to file for bankruptcy. it cannot manage itself we're at the end of the road we cannot borrow any morewe money. >> what happened b? it was once prosperous nown s it is iraq. >> for $1,500 you can buyhn this house for years politicians could say they could fix d street. that is its. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves rich. john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we d
city. bringing ben affleck into the story will bring it to detroit. >> detroit will stand in for both batman's gotham and superman's metropolis. it will make it a super deal for both sides. >> welcome to "cbs this morning saturday." i'm anthony mason. >> and i'm vinita nair. the batman movie will no doubt give detroit a lift. it's also getting a lift from another source. cars. ford's first american build fusion rolled off the lines in detroit this week. it came after the maid inde in the usa campaign. >> we look at the global economy. it's titled "american-made move." >> the truth is in an increasingly global economy it takes manufactures from all over the world to make things necessary to have a baseball game. so no matter whether you realize it or not, we all have a loin with the things we make and buy in this country. >> we got greedy and that's why we're where we're at now. that's the sick part about this place. >> u.s. consumers would like to buy american. >> the idea that we have to make things in this country is back. >> we can compete on a gl
. chemical war is a terrible thing, but we have detroit bankrupt, we have illegal aliens, we have so many things in this country that he to be taking care of her it would don't seem to have the time to take care of it hurt i say we should deal with the issues in this place and then we go out and help others. that is all i have got to say. here's what a couple of senators had to say. now is the time for decisive action. the u.s. must rally our friends and actions to take limited to return actions and serious. using standoff weapons without boots on the ground and at minimal risk to our men and women in uniform, we can sit if you can lead assad's airpower and listed missile capabilities and help establish safe areas on the ground. john mccain, lindsey graham, both republicans and united states senate. we have a democrat on the line now. surely from ermine ham alabama -- surely from birmingham alabama. uest: >> brought: assad has not anybody over your to kill us, but our american congress is killing and our american government is killing people right here in the united states. let's fix home
detroit, america is in big trouble. that's our show. see you next week.dends to watch, and have a great night. lori: a very good evening thank you so much peer being with us, i am lori rothman in for lou dobbs. >> obama administration making its case for taking military action against syria, briefing lawmakers about their conclusion that syria government carried out a large scale chemical weapons attack, tonight we speak with fox news military analyst, general jack king on whether the president is justified in takes action. even without the backing of allies or the united nations. >> and questionsemain about our involvement in libya. and the terrorist attack in benghazi, we'll talk with larry ward, a group of special operation veterans who are calling on house speaker john boehner to create a appreciate committee to -- special committee t investigate the attack. >> and administration refusing to enforce a law it does not like, now giving states green light to adopt regulation legalizing small amounts of marijuana, dobbs lawakes up the case with our attorneys, ww begin with new o
: detroit, once a shining example of america's industrial might, now is full of abandoned and run-down derelict buildings. coming up details on a new multimillion-dollar effort to fight the blight in the motor city. >>> plus a new report says the economy might be taking a toll on teens. analysts are raising the possibility of a lost generation? we'll tell you why. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. jon: well right now in detroit a call for all hands on deck. city leaders asking residents to help save that bankrupt city and part of that means going street by street, building by dilapidated building, tearing the
to blow up an airliner go approximating into detroit a few years back. this use of cargo planes to try to move moneyicians into the united states. i think aqap is seen as being of the various al qaeda offshoots particularly good at certain types of moneyicians or bomb making which could be deployed, you know, in europe or the united states that i think made people in the intelligence community particularly nervous with all this chatter. there is one bomb maker a saudi which works with aqap, there were some reports he had been killed in some of the drone strikes in yemen. i don't think people are totally sure. but the expertise he developed i think is believed to have lived on within this one al qaeda affiliate. and that's part of the threat that has made people really nervous. >> rose: what was his name, al cece was the last name, correct. >> so peter what you can tell us about aqap? >> well, you know the blom maker we're describing, he is 0 for 4 with the number of serious plots. he tried to kill the saudi minister of inter who is responsible for counterterrorism, tried to blow up a n
with civil rights activists through detroit's gross point suburb in 1963. that's 50 years ago. the editorial information on that ap photo notes romney said he had not been asked to head the parade, but added since he was in the detroit area, he decided to come out anyway. in other words, he didn't wait for an invitation. he made sure he was there. in this 1966 reelection -- his 1966 reelection for campaign for michigan governor, romney won 30% of the black vote. one generation later in the same family, mitt romney wins 6% of the african-american vote. by the way, here is a great picture. where i grew up in. jackie robinson and nelson rockefeller. he told reporters he was a rockefeller republican. you had jackie robinson, lionel hampton, all those people, famous people, wilt chamberlin, a lot of people were republicans. today you can't find them. >> a lot of our families were. i can go back in my family, especially my family in north carolina, and there were a lot of republicans. but when the party changed, you know, blacks decide we needed to go to a plays where we were welcome and where we
. >> reporter: every major car company is gunning for the electric car, detroit, japan, all represented. for now, an unlikely newcomer is getting top honors. the tesla model. a 400 horsepower engine that gets you from zero to 60 in four seconds, all without a single drop of gas. >> the style is terrific. it looks great, the overall packaging is terrific. that may be my favorite part. >> reporter: celebrities are buying them in droves, even humme r fan is buying it. now it is "nightline's" turn, we were given inside access to the car, and the man behind it, to see if it really is the car of the future. and now, according to the highway safety administration, it is also the safest car ever. but the model s's ride to the top is not without controversy, despite its use, several states are trying to ban them from being used. to understand why, first you need to meet this man. >> and you can see the car is charging right there. >> reporter: tesla's ceo, the billionaire tycoon who has changed the way we shop on line. now he is exploring space. and how many do you anticipate? >> probably about 50. >> re
is now at 32 after giving it up to detroit's cabrera. his 43rd home run and the game was tied at 4. but the man who took josh's spot on the a's roster, derek barton comes through. you better drop the piano, watch him get his hand in there. oh, he's safe. and the a's win 8-6. twilight game in denver. >> hello from denver. >> having a wonderful time. barry zito looking to bounce back after getting his last start. not good. todd gone. he gave up 5 in four innings. it will never end. i mean, this is the longest season ever. the 49ers reportedly have traded linebacker, paris harrellton for a 2014 draft pick to the new orleans saints. he lost the starting job in 2011. i thought he was having a good preseason. they will cut a quarterback. tell you about that later. >> see you at 11:00. ,, 'til labor day to reward yourself! get 48 months interest-free financing on the entire tempur-pedic cloud collection. not to labor the point... but this sale won't last long! ♪ mattress discounters! - [knocks at door] you wanted to see me? - yeah. have a seat. - is it serious? wow. [nervous laughter
outside of detroit. >> it's really all about meeting demand. our plant in mexico is completely full. but demand for the all new fusion has been outstanding. it's a great knew product, and we need more. so we had a shift available here, and a flexible body shop was built to be able to build the fusion for the market, and now we can add capacity, get more sales and meet demand. >> the fusion has been a big success for ford. sales so far this year are up 13%. >>> freddie mac says the average fixed rate mortgage is down this week. last week it was at a two-year high. still mortgage rates are up more than a full percentage point since early may when a 30-year fixed average was 3.35%. still to come on al jazeera, there are no concerns in california as crews continue to battle the massive wildfire in yosemite. >>> and downpours in pennsylvania cause severe flooding. ♪ hi, my name is jonathan betz, and i'm from dallas, texas, and i'm an anchor forç] ♪ >>> welcome back. so a predator drone is the latest koolt helping to get a handle on the wildfire burning in yosemite national park. mor
the website. senate has only one t. it has since been fixed. >>> detroit could soon have company in bankruptcy court and if other municipalities or states wind up there, it could become the cause of a common affliction. chief national correspondent jim angle tonight on the unfunded pension peril. >> reporter: many state and city workers around the country are worried what happened in detroit may happen to them. abru bankrupt city that starts cut pension benefits. >> there's a tendency to overpromise, underfund them, and when a problem comes up, the actuary says put in so much, they're very ready to just defer that cost onto the next generation. >> reporter: some pensions have been improving, but a study found eight states have less than 60% of funds. illinois the worst at 45%. $138 billion short. >> every year lost is a much bigger challenge as one rolls forward. so they have to make either significant tax changes or they need to make significant benefit changes. >> reporter: politicians have nothing but unpopular choices, cut benefits, raise taxes, cut other programs to get the money. in chic
been fixed. >>> detroit could soon have company in bankruptcy court and if other municipalities or states wind up there, it could become the cause of a common affliction. chief national correspondent jim angle tonight on the unfunded pension peril. >> reporter: many state and city workers around the country are worried what happened in detroit may happen to them. abru bankrupt city that starts cut pension benefits. >> there's a tendency to overpromise, underfu them, and when a problem comes up, the actuary says put in so much, they're very ready to just defer that cost onto the next generation. >> reporter: some pensions have been improving, but a study found eight states have less than 60% of funds. illinois the worst at 45%. $138 billion short. >> every year lost is a much bigger challenge as one rolls ey have to make either significant tax changes or they need to make significant benefit changes. >> reporter: politicians have nothing but unpopular choices, cut benefits, raise taxes, cut other programs to get the money. in chicago, that dilemma falls to democratic operative ma
're going to see that -- >> in detroit. >> stop it. >> women. it's just going to be horrible. >> all right. >> how can you make cars when you're doing that? it's now -- it's now an industrial problem, willie. >> all morning -- >> why do you think the japanese are beating us? >> miley cyrus. >> miley cyrus. >> we're actually going to take an in-depth look at the causes of the financial crisis that gripped the city and the innovators who were working to dig it out. coming up today on "morning joe" -- >> and twerking. >> stop it. >> chris mathews will be joining us along with the "washington post" david ignatius, financial times gilleyen tett and dr. nancy schneiderman. up next the top stories in the politico playbook. bill karins with a check on the forecast. >> good morning. as far as the rim fire went in california yesterday, firefighters got a little bit of control. not a lot. we went from 7% containment to 20%. it's still threatening the drinking supply, the reservoir that supplies 80% of the water to san francisco. worried about the ashes contaminating the water as the fire continues to
in detroit. some scared to leave their homes. look at that thing. what is being done to find this giant feline. >> wow. >> my goodness. >> my goodness is right. welcome back to "early start." i'm pamela brown. >> i'm michaela pereira. 30 minutes past the hour. >>> could the u.s. be getting closer to getting involved in the syrian civil war? the assad regime used chemicals against his own people. there are many signs a time of dm diplomacy may be over. >> reporter: secretary of state john kerry issued a stinging indictment. >> what we saw in syria last week should shock the conscience of the world. it is undeniable. >> reporter: he accused syria of slaughtering. >> this international norm cannot be violated without consequences. >> reporter: it was an unmistakable message from the state house to the white house. >> this violation has to be taken very seriously. >> reporter: since last week's gas attack, the obama administration is punishing bashir al assad. the leading option officials say, tomahawk missiles aimed at destroying chemicals in syria. the administration wants international a
history moved deeps into yosemite national park. >>> the city of detroit is getting a makeover. the state plans to demolish nearly 4,000 abandoned homes to remove the blithe. >>> and at least 21 people in texas have been sickened from a measles outbreak. that's the headlines "consider this" is up next on al jazeera. ♪ ♪ >>> who is bash aral-assad. the syrian president could be forcing america into another unpopular mideast war. how did a man who trained to be an opthal gist turn into this leader. >>> and a count think clerk takes what he says the current law into his own hands and joins the hands of those who want a marriage certificate regardless of their sexual preference. should one man be able to change the same-sex marriage debate? good evening, i'm antonio mora, and welcome to "consider this." we begin with syria, as the obama administration weighs its options to intervene in syrian's civil war, the white house's repeated calls for bashar al-assad's removal. >> reporter: after two and a half years of turmoil, leaving more than 100,000 people dead, the man ruling syria has earned
for detroit. 20 10 air cargo threat as well as other plots that were effectively mitigated. some more international in scope and origin like the christmas they plot was involved a nigerian citizen who purchased his ticket in ghama,. flew from legos to amsterdam and attended to ignite a bomb en route to america. that attempted attack, we learned that relevant information possessed by u.s. customs and border protection needed to be available overseas at the last point of departure for the united states. we fixed that. we learned that our adversaries were moving to nonmetallic devices. we adapted our screening technology and tactics to counter that. learned that a single vulnerability in any part of the aviation system can make everyone connected to it vulnerable. since we don't control security at foreign airports, we have to work even more closely with international partners to raise the overall security of the system. we did that. shortly after the christmas day plot, i launched a worldwide initiative to make these needed changes in close collaboration with our strongest allies. i am
to the end of july, the bankruptcy of june choi it -- the bankruptcy of detroit. there was an interesting confusion ourng media assistance. we have not seen that. detroit has faded away from the conversation in washington. have you been working on that with the ministration? do you think something is forthcoming? what would that -- what is key here, what would that systems entail? the fed can lead to detroit? more infrastructure grants go to the city. try to be as specific as possible as what the federal solution would be. >> we do not have time to wade through all that be specific. 30 seconds or less. let me talk about bankruptcy in able get to as much of your question as we can. there are two instances over the last couple of months where there has been abuse of the bankruptcy laws. take the one dealing with people and minerals. peabody coal has been in the industry for 100 years. they became a staple. alone back inand 1970. what do they do? arch get all of the legacy costs from a all those hundred years. the create this coal company called patriot. they put all most all of the legacy c
and more than half of the company's 1.3 million u.s. employees are on its health care plans. >>> in detroit a federal judge moved up the a hearing on the city's eligibility for bankruptcy. instead of october 23rd, egin on september 18 to determine whether detroit is insolvent and if the city negotiated in good faith with its creditors. >>> texas is home to four out of top five cities for u.s. business. baltimore was fourth and hughes to infifth. rankings are based on growth rates, local taxes and regulations. >>> that's the latest from the fox business network, giving you the power to prosper. lori: who wants to intentionally step on broken glass when you go to the beach? well some florida beach communities are actually talking about putting it in the sand. joining me now from miami beach is fox's phil keating. hi, phil. >> hi, there. down here in florida, sand is is like gold. it draws millions of tourists every year which contributes $70 billion to the state's economy. believe it or not because of erosion constant along the coastline, you can see it with the three or four foot drop down t
-free municipal bond, but does detroit give you cause for concern? and other cities across the country that are in similar condition? >> well, i wouldn't touch the cities. you've got to do your homework. so, cities, whether it is harrisburg or detroit or stockton, california, they're are a number of cities you've got to get under the hood and look at the credits but if you look at the highest grade, quality tax-free bond today, they're out there with the yields between 4 and 5% and they're not city credits. they're not detroit's. when that analysis is done, at our present tax structure the taxable equivalent yield is about nine. where are you going to get nine in a liquid investment of very high credit quality? i don't see very much of it. so we shifted allocation to tax-free bond. ashley: very good. do your homework. always good advice. david kotok, thank you so much for joining us. we appreciate it. >> thank you. lori: let's take a specific look at the market because the gains thus far are evaporating slightly. lauren simonetti joins us from the floor of the stock exchange. you're wa
are from the same hymn sheet. i do want to talk about how new york could become detroit, this would be the first giant step toward it. stuart: if i were voting, it would be christine quinn amazing enough. at least she would keep charter schools going. charles: exactly. stuart: this guy built a company from the ground up. a real american success story. london liquidators. talking to ceo, tom sullivan. one of charles payne favorite picks. mr. sullivan is coming up. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. folks have suffer
with more from detroit. >> there are tens of thousands of abandoned homes like this one across the city. that has led to increases in crime, decreases in property value and a drain on precious city dollars. the goal of the new initiative is to take these abandoned homes and in turn, decrease foreclosures, rebuild neighborhoods by making them look like this. >> stay away and will be shot. sounds like a common sight in neighborhoods all across the motor city where there are more than 78,000 abandoned homes, most of them fall out from the housing crisis. morrison 30 of those are on robert couch's small street and are magnets for swatters, scrapper's and criminals. >> let the community down, it is no community, we do what we can put neighbors can't do it by themselves. >> help is on the way in the form of wrecking balls and dump trucks. in a first of its kind program michigan is taking on detroit's foreclosure crisis and attempting to stabilize its neighborhood by demolishing 4,000 abandoned homes across the city calling it the largest ef history. >> by eliminating the blight in a neighbor
the challenges in front of detroit. >> yes, that was really good. that was really good. >> very nice work. >>> speaking of the consumer, kelly evans talked about it on the i yesterday. >> morning, yeah. >> not your father's volatility is the joking reference here but, in fact, there's quite a bit of important things happening below the surface. gdp report which showed 2.5% growth, critical. what we need to see is that kind of performance repeated in the second half of the year to support interest rates at these levels. look at what's been happening with regard to where we've seen more of the action lately. not in the stock market so much, and we can see the narrow trading ranges we've been in. the vix hasn't gone anywhere. the story is about the volatility, guys, in the bond market. there's a term for this that the fed uses and has been focused on lately. it's called term premium. the fact that we've moved on the ten year. the key interest rate which determines everything from mortgages to speaking the cost of finance across the economy, the fact that that's gone from below 1.7% to almost
to a detroit station, detroit owner, they let me out of my contract just on a handshake because -- to come to nbc. 35 years ago. because i came under the understanding that i would only work for the graham family. that was how close the connection was, ruth. >> i think all of us have that -- who have been around for a while any way, interest that personal connection with the graham family. i have a column that should be on washingtonpost.com later this afternoon talking a little bit about that personal connection. and that is why i think in the newsroom and to some degree outside there is trust in this decision, that it is in the "washington post's" best interests because we've had so many years of seeing the graham family make decisions that were in the "washington post's" best interests. and, you know, but it is also you talk about the impact on you. i started to get calls yesterday and e-mails from government officials, from my children, from friends, from family, saying we're stunned, we're reeling, it really is the sort of earthquake moment in the life of the capital. >> it is a washi
election, he's running for the kiw -- wiki leaks party z you tt worse for detroit, big cat has northeast detroit on edge. residents find the large feline roaming the streets. the cat remains on the loose and sheer something you won't see in the u.s.. the times of london tweeting switzerland's first drive in sex boxes opening in an effort to sweep prostitution off the streets. yes, you heard right. sex boxes. experimenting with a garage-style facility. officials hope they make legal prostitution safer and less of a public nuisance skpoorks speaking of cheap tricks massachusetts senator tweeting i am a blessed man i got to play with cheap trick tonight. wow, check out his performance with the band. we think senator brown should team up with another politician, martin owe hall halle -- o'malley is in a band z this typo will make you cringe. larry sanders got a tattoo but forgot i before e except after c. he posted a picture and commenters were quick to point out the error. now this is your time to hash it out with us. also don't forget to follow me on twitter at gretawire. coming up, donald
, to seattle, to boston, to milwaukee, to wilmington, to detroit, to charlotte, the largest city in a right-to-work tate in the south. today's demonstrations are an indication of just how the movement has grown over the last several months. a first week on this show, we covered a one-day fast food worker strike then being called the biggest job action ever in that industry. then last month, more than 2,000 fast food workers went on strike in seven cities including chicago, st. louis, kansas city, missouri, flint, michigan, new york, milwaukee, detroit. not only has the movement grown, but it has captured the national imagination. >> $15 an hour. what do they think, those arches are made of gold? >> earl eaier today we reached to several companies to see if they had anything to say. i'd very much like to discuss the issue with the representative of any of them. less than a handful responded. mcdonald's issued a statement. "mcdonald's aims to offer competitive pay and benefits to our employees. it will be business as usual for us." folks at burger king told us their restaurants provided an en
on washington. first, edith lee payne of detroit tells the story of one of the iconic pictures taken at the event. >> one evening in october of 2008, i got a phoneical from my cousin, marcia, who lives in baltimore mo, maryland, she had been browgz a category with some friend and came across a 2009 black history calendar. on the front of this calendar were pictures of dr. king, and frederic douglas, jesse owens. and on the back of the calendar were these same people but, also, there was a picture of me. i of course immediately recalled being at the march on washington but i didn't recall a picture being taken. it also happened to be my 12th birthday. that day in washington was a very hot day. but it was a day where a lot of people from all over the country came together for a common goal, and that was to make the quality of life better for everyone. it was very special to me to be there, to be one of the people present to make a difference in what dr. king had brought to our attention. >> woodruff: that was edith lee payne of detroit. you can find her story, and other firsthand accou
"morning joe" and "way too early" will be live in detroit for the special report from motown. still ahead on "way too early," your best and most creative tweets on how to ruin a foreign tradition in america. [ whispering ] uh! i had a nightmare! the house caught fire and we were out on the streets. [ whispering ] shhh. it's only a dream. and we have home insurance. but if we made a claim, our rate would go up... [ whispering ] shhh. you did it right. you have allstate claim rate guard so your rates won't go up just because of a claim. [ whispering ] are we still in a dream? no, you're in an allstate commercial. so get allstate home insurance with claim rate guard... [ whispering ] goodnight. there are so many people in our bedroom. [ dennis ] talk to an allstate agent... [ doorbell rings ] ...and let the good life in. [ dennis ] talk to an allstate agent... a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and i
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